Genesis Phase Live. 0% protocol fee. Mint kUSD →

Genesis Phase Live. 0% protocol fee. Mint kUSD →

Genesis Phase Live. 0% protocol fee. Mint kUSD →

Genesis Phase Live. 0% protocol fee. Mint kUSD →

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Documentation

Opal Rewards

Opal is Kerne's pre TGE loyalty and rewards program. It rewards the earliest participants with a meaningful claim on the community $KERNE allocation at TGE. The earlier you participate and the more you contribute, the larger your share.

How Opal Fragments Work

Opal Fragments accrue every hour to every wallet that holds kUSD on Base, at a base rate of 100 Fragments per kUSD per hour, multiplied by a time-decaying Genesis deposit multiplier. At TGE the community allocation of $KERNE is distributed pro-rata to Fragment holders: your share of total Fragments is your share of the fixed 50,000,000 KERNE pool (5% of total supply). Because Fragments accrue per hour held, the standing is inherently time-weighted: consistent, long-term holding is rewarded more than last minute deposits.

No fixed Fragment to KERNE conversion rate is promised in advance. The conversion is purely proportional and depends on total participation.

Earning Opal Fragments

  • Mint and hold kUSD (primary): Every wallet holding kUSD accrues 100 Fragments per kUSD per hour, read from actual on-chain balances. No claiming step, no minimum; balances under 1 kUSD accrue fractionally.
  • Genesis deposit multiplier: Set by when your current continuous hold started, not by deposit size. Season 1 schedule: 2.0x (Through Jun 15 UTC), 1.75x (Jun 16 to Jun 22), 1.5x (Jun 23 to Jun 29), 1.25x (Jun 30 to Jul 6), 1.0x (Jul 7 to snapshot). Topping up keeps your cohort; a full exit to zero forfeits it, and a later refill is re-tiered at the then-current week. Fragments already earned are permanent.
  • Staking and liquidity: kUSD staked into skUSD or provided as kUSD/USDC liquidity on Aerodrome keeps accruing at the same base rate on its kUSD-equivalent value, with manipulation-resistant on-chain valuation. Direct holdings and positions are disjoint, so nothing is double counted.
  • Referrals: Generate a unique referral link from the Opal dashboard. When a referred user holds kUSD, you earn a bonus equal to 10% of their base Fragment accrual (before multipliers), credited automatically. Referral relationships are permanent (first referrer wins). The referral system is single level with a maximum of 10 referrals per address.

TGE Conversion

Genesis Season 1 ends at a published, date-certain snapshot: July 10, 2026 at 19:59 UTC. At that instant every wallet's Season 1 Fragment standing locks permanently, whether or not you remain deposited afterward. At the token launch, your $KERNE equals your Fragments divided by total Fragments, multiplied by the fixed 50,000,000 KERNE pool.

Rates and multipliers are Season 1 program parameters, configured in the accrual engine and published in the app and at kerne.fi/opal. Future seasons can run different parameters; Fragments already credited are permanent.

Anti Gaming Rules

  • Fragments are calculated on actual on‑chain kUSD balances and position values, read directly from the chain
  • The continuous-hold clock resets on a full exit to zero, so drain-and-refill cannot replay an empty window or keep an early cohort multiplier
  • Hourly accrual plus the weekly-decaying Genesis multiplier make a last-minute deposit strictly worse than an early one, which is why the snapshot date (July 10, 2026) can be published in advance
  • Each accrual period is processed exactly once via idempotent crediting, preventing double counting on system restarts
  • Founder, team, and protocol wallets are labeled on the public leaderboard, never disguised